Cuatrecasas advised Cilsa (ZAL Port) on the financing
Cilsa, the management company of the Port of Barcelona’s logistics zone (ZAL), has entered into a €75 million loan agreement with the European Investment Bank (EIB) to build new logistics and warehousing facilities, which will allow it to increase its capacity and improve its efficiency and sustainability.
The Port of Barcelona is one of the largest in Spain and occupies a strategic position on routes within the Mediterranean Corridor. Therefore, increasing its capacity will have a positive impact on the Port of Barcelona, a strategic infrastructure within this Corridor.
The agreement was made possible by the backing of the European Fund for Strategic Investment (EFSI), the main pillar of the Investment Plan for Europe, known as the “Juncker Plan.” Specifically, the project will enable the Port of Barcelona to increase by almost 1,000,000 m2 the capacity of its top-level logistics infrastructures throughout the ZAL Port.
Cuatrecasas advised Cilsa (ZAL Port) on the financing of this transaction, led by partner Manuel Follía (Picture) and associate Marc Palà (Banking and Finance).
Law Firms: Cuatrecasas;
Clients: Centro Intermodal de Logistica S.A.;